Independent Investor

Leading financial spread betting firm Capital Spreads is to take on active trading accounts from Paddy Power Trader, the spread betting arm of Paddy Power, as they wind up their spread betting operation.
Capital Spreads, one of the UK’s largest financial spread betting brokers, will take over the accounts of existing Paddy Power Trader investors when the company winds down its financial spread betting arm, according to an announcement made today.
Paddy Power trading clients will have their accounts and open positions moved to Capital Spreads in the next few days, following …

Further good news from the City for spread betting platforms – London Capital Group have announced positive second quarter results, showing a year-on-year rise in profits to around £4 million, with an equally strong balance sheet reflecting a solid trading position for the spread betting giant.
Along with several other spread betting companies to announce favourable trading results in recent weeks, London Capital Group have benefited from the increasing profile of spread betting as a viable alternative to straightforward trading.
A note of caution for spread traders, however – the rise in …